Florida Dynamics DST

St Petersburg, FL


Asset Class:Office
Leverage0% - All-Cash/Debt-free
LocationSt Petersburg, FL
Minimum Investment:$100,000
Current DistributionMonthly/Inquire
Offering Type:DST
1031 Exchange Qualified:Yes

Property Description

Florida Dynamics DST is an institutional-quality, class A office located within the 432-acre, master planned Carillon Park – one of Florida’s most recognizable business parks. The offering is a single tenant asset 100% leased through 2032 to General Dynamics Ordnance & Tactical Systems, Inc. an investment-grade credit tenant (Moody’s: A2 / S&P: A-).

MSA Details

The Tampa MSA represents the second largest office market among the major Florida MSAs, consisting of 756 building that provide nearly 42 million square feet of space. Consisting of thirteen (13) distinct submarkets, the Tampa MSA’s predominant markets are Westshore (11.8 MSF), I-75 Corridor (7.8 MSF), Tampa CBD (7.0 MSF), Northwest Tampa (3.9 MSF) and the Gateway (3.0 MSF) submarket in Pinellas County. The Tampa MSA features a multifarious tenant base with tenants representing the financial services, professional services, legal, healthcare and technology sectors that make up the local economy. Due to an extensive interstate network, there are more than 34 million consumers within an eight-hour drive of which is widely considered the center of the Tampa Bay region, the intersection of Interstate 75 and Interstate 4.

Property Highlights

  • Institutional-Quality, Class “A” Office Asset 100% leased to General Dynamics Ordnance & Tactical Systems, Inc.
  • Investment-grade credit (Moody’s: A2 / S&P: A-);Reported just shy of $2 billion in revenues during their 2020 fiscal year
  • 10.4 years of weighted average remaining lease term (as of 10/1/2021); 2.5% contractual annual rent escalations during the lease term; Tenant has two (2) 5-year renewal options
  • Has been operating in Pinellas County for the last 15 years
  • Located within the 432-acre, master-planned Carillon Park – one of Florida’s most recognizable business parks
  • Two stoplights from St. Petersburg-Clearwater International Airport passenger terminal and four (4) stoplights from the Tampa International Airport passenger terminal
  • Proximately to key retail corridors along Ulmerton Road, Roosevelt Boulevard, and 4th Street North

Source: Preliminary Information

The market information provided above may not predict the future performance of the property.

*Distribution is not guaranteed and is subject to available cash flow. For further information about cash flow distributions from operations and capital events, please refer to the offering’s Private Placement Memorandum.

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Risks & Disclosures

All offerings shown are Regulation D Rule 506c offerings.

This material has been prepared for accredited investors (generally described as having a net worth of over $1 million dollars exclusive of primary residence) and accredited entities only. If you are unsure if you are an accredited investor and/or an accredited entity, please verify with your CPA and Attorney prior to considering an investment.

The information herein has been prepared for educational purposes only and does not constitute an offer to purchase securitie or real estate investments. Such offers are only made through the sponsors Private Placement Memorandum (PPM) which is solely available to accredited investors and accredited entities.

IRC Section 1031, IRC Section 1033 and IRC Section 721 are complex tax concepts, therefore you should consult your legal or tax professional regarding the specifics of your particular situation prior to considering an investment.

This material is not to be interpreted as tax or legal advice. Please speak with your own tax and legal advisors for advice/guidance regarding your particular situation.

There are risks associated with investing in real estate and Delaware Statutory Trust (DST) properties including, but not limited to, loss of entire investment principal, declining market values, tenant vacancies and illiquidity.

Investors should read the PPM carefully before investing paying special attention to the risk section.

Because investors situations and objectives vary this information is not intended to indicate suitability for any particular investor. Please speak with your CPA and Attorney to determine if an investment in real estate and DST properties is suitable for your particular situation/circumstances.

Past performance is not indicative of future returns.

Potential cash flows/returns/appreciation are not guaranteed and could be lower than anticipated.

There are significant limitations on the ability to sell or transfer interests.

Expected cash flows and returns may not be realized and a loss of invested capital is possible.

The Sponsor, Co-Sponsor, Master Tenant, Trustee & Affiliates will all receive substantial fees relating to the syndication, ongoing management and disposition of this offering.

Securities offered through Growth Capital Services, Member FINRA and SIPC, Office of Supervisory Jurisdiction located at 582 Market Street, Suite 300, San Francisco, CA 94104.

There are important risks specific to each tenant and their respective leases, including expiration dates, early termination options, renewal options and economics relating to rents paid and expense reimbursements. Should a tenant fail to meet their obligations, terminate early or fail to renew their lease it could have a material negative impact on the financial performance of this property.